Sivers IMA announce a new agreement for mmWave wireless application

Courtesy of Sivers IMA

Sivers IMA announce a new agreement for mmWave wireless applications with a large, multi-billion dollar, Japanese electrical equipment manufacturing company for development and sales of mmWave products. A memorandum of understanding, MoU, has been signed where both parties will contribute to the development of highly competitive products, that offers the best price and performance, for the global wireless gigabit communications market.

The mobile data traffic will continue to grow exponentially over the next five years1) and mmWave will be used to support this growth for backhaul, fronthaul, small cells and fixed wireless networks.

“We are extremely proud that a big and renowned Japanese company choose to cooperate with us. It confirms that our competence and capacity is cutting edge and that our products are right on target”, says Anders Storm, CEO of Sivers IMA.

For more information:
Anders Storm, CEO
Tel: +46 70 262 6390
E-mail: anders.storm@siversima.com

1) According to Ericsson mobility report: https://www.ericsson.com/assets/local/mobility-report/documents/2016/ericsson-mobility-report-november-2016.pdf

This information is insider information that Sivers IMA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on June 13th , 2017.

Sivers IMA Holding AB is a leading and internationally renowned supplier, publicly traded under SIVE. The wholly owned subsidiaries Sivers IMA and CST Global develop, manufacture and sell cutting-edge chips, components, modules and subsystems based on proprietary advanced semiconductor technology in microwave, millimeter wave and optical semiconductors. Headquarters in Stockholm, Sweden. Learn more at http://siversima.com .